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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 86.50 levels whereas resistance is placed at 87.00 levels. The pair is expected to find resistance at higher level and trade weak below 86.50 level up to 86.30 and 86.10 levels.

* The GBP/INR futures pair has support at 100.30 levels whereas resistance is placed at 100.80 levels. The pair is expected to find resistance at higher level and trade weak below 100.30 level up to 100.10 and 99.90 levels.

* The JPY/INR futures pair has support at 60.40 levels whereas resistance is placed at 60.90 levels. The pair is expected to find resistance at higher level and trade weak below 60.40 level up to 60.20 and 60.00 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 60.90 level should be taken as selling opportunity targeting 60.40 – 60.20 levels on lower side

* For Intraday session, it has support at 60.40 – 60.20 levels whereas resistance is placed at 60.90 – 61.10 levels

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